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W824 - Fine Art Insurance

Derby City Council

This public procurement record has 1 release in its history.

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27 Jul 2026 at 11:47

UK7 - Contract Details Notice
Summary of the contracting process

Derby City Council procured specialist fine art insurance services for its municipal art collection and loaned exhibits. The requirement covers insurance protection for fine art held by the council and items temporarily entrusted to it, with delivery in Derby and the wider East Midlands area. The buying organisation is Derby City Council, a sub-central public authority. This is a specialist insurance opportunity rather than a general commercial insurance requirement: relevant suppliers are those able to underwrite and administer cover for valuable cultural assets, including works in the council’s collection and exhibits on loan. The procurement is categorised as insurance services, with the stated requirement focused specifically on fine art risks and associated loaned items.

The procurement is complete and was awarded through a direct procedure below the applicable threshold, without competition. One lot was awarded to AXA XL Syndicate, and the award is active. The contract was signed on 31 March 2026 and runs from 1 April 2026 to 31 March 2027. Its value is £45,807.52 excluding VAT, or £51,304.43 including VAT. The contract is active. Derby City Council selected AXA XL Syndicate for the fine art insurance requirement. The published outcome records one supplier and one contract; no separate award values are provided. This was a single-lot procurement for the council’s art collection and loaned exhibits.

This procurement demonstrates demand from Derby City Council for specialist cover tailored to fine art collections and loaned cultural exhibits. A credible competitor for a future requirement would need strong fine art underwriting capability, experience assessing risks associated with public art collections, and the ability to insure items that move between owners or locations on loan. Relevant expertise may include valuation, collections risk management, transit and exhibition risks, and claims handling for high-value or culturally significant works, provided these form part of the supplier’s offer. The incumbent is a large insurance organisation, indicating that the buyer accepted a provider with substantial underwriting capacity and the resources to support a public-sector collection and its loaned exhibits.

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Notice Information

Notice Title

W824 - Fine Art Insurance

Notice Description

Provision of specialist Fine Art insurance cover for Derby City Council's art collection and loaned exhibits.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06d426
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/070723-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Below threshold - without competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£45,807 Under £100K

Notice Dates

Publication Date
27 Jul 20262 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Apr 2026 - 31 Mar 2027 6-12 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Active
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Derby City Council
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
DERBY
Postcode
DE1 2FS
Postcode Area
Derby
Country
England
Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF1 Derbyshire and Nottinghamshire
Small Region (ITL 3)
TLF11 Derby
Delivery Location
Not specified
Local Authority
Derby
Electoral Ward
Darley
Westminster Constituency
Derby South

Supplier Information

Number of Suppliers
1
Supplier Name

AXA XL Syndicate

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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